Korea Bizwire, Author at Be Korea-savvy
Financial Services Industry Readies for Battle as Floodgates to Individual Retirement Plans Open

Financial Services Industry Readies for Battle as Floodgates to Individual Retirement Plans Open

SEOUL, Jul. 24 (Korea Bizwire) — A decision to allow business owners and government employees to access Individual Retirement Plans (IRP) has the financial services industry abuzz. On the July 23, industry sources confirmed that the IRP’s current parameters for applicable clients will be expanded starting July 26.  The reason for general excitement among banks, [...]

Jeju Investors to Face Greater Scrutiny

Jeju Investors to Face Greater Scrutiny

JEJU, Jul. 24 (Korea Bizwire) — On July 21, Jeju Island’s government announced new regulations that will modify the approval process for investors that wish to participate in local developmental projects. Officials from South Korea’s largest island stated the new regulations will soon come into effect, as they seek investors for the latest development project, [...]

Noodle Maker Ottogi has Reputation to Thank for Blue House Invitation

Noodle Maker Ottogi has Reputation to Thank for Blue House Invitation

SEOUL, Jul. 24 (Korea Bizwire) — News that noodle maker Ottogi has been listed as one of the fifteen companies included in President Moon’s powwow with major business leaders on July 27 has caught many by surprise. The list contains industry heavyweights such as Hyundai and Samsung, which makes the inclusion of a middle-sized company [...]

Regional Authorities Light Up the Night to Boost Tourism

Regional Authorities Light Up the Night to Boost Tourism

SEOUL, Jul. 22 (Korea Bizwire) — Regional authorities are increasingly looking towards the evening skyline as a potential revenue stream. The reasoning goes that successful nighttime activities will pull in a share of the tourism market, which should provide a boost to related businesses such as restaurants and lodgings. Andong City in Gyeongsangbuk Province has for years [...]

Wind-Free Air Conditioners Highlight Samsung’s Growing Tech Acumen

Wind-Free Air Conditioners Highlight Samsung’s Growing Tech Acumen

SEOUL, Jul. 21 (Korea Bizwire) — Samsung Electronics’ dedication to technology development has entered the spotlight, as tech enthusiasts and everyday consumers alike have taken notice of the company’s groundbreaking product releases like the new Wind-Free Air Conditioner. Technologies like the Wind-Free Air Conditioner (it’s exactly what it sounds like) and Samsung washing machines with [...]